A PYMNTS Company

Interim authorization for bank plan to eliminate ATM fees in Indigenous communities

By  |  June 21, 2012

The Australian Competition and Consumer Commission (ACCC) has granted interim authorization to the Australian Bankers Assocation’s proposal for ATMs in some remote Indigenous communities. The Association, comprised of member banks and ATM suppliers, aim to provide free withdrawals and balance transactions at 76 ATMs starting in December 2012.  ACCC Chairman Rod Sims noted the “long standing issue” of high ATM fees in remote Indigenous communities.

Full content: ACCC Press Release

 

Related content: A Tribute, of Sorts, to William F. Baxter’s “Bank Interchange of Transactional Paper”

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.